Trayport have today published this write up on the discussions that took place in their recent user forum. The write up focuses on the following issues:
- UTI Generation – There is a fear that without a mandated method, the issues that arose under EMIR will arise under REMIT.
- Back-loading – There is potential for a very difficult requirement to backload orders to December 2001.
- Confirmation Matching – A concern that more confirmations will need to be matched electronically, which may lead to increased costs.
These concerns correlate with discussions elsewhere in the market.